Nielsen reports strong post-IPO growth

Initial public offering proceeds retired $1.75 billion in debt

Reporting results for the first time since going public in January, Nielsen said Thursday revenues in the first quarter rose 9% to $1.3 billion while adjusted net profits grew to $64 million, from $16 million in the year-ago period.

The measurement giant said proceeds from its IPO, priced at $23 per share, were used to retire $1.75 billion in debt.

CEO David Calhoun said the company continued ”to benefit from our solid global platform and strength within developing markets.” Nielsen offers services in about 100 countries.